Imagine working 40 years at the CIA destabilizing the global south for this dude to do a Strangelove and wipe his ass all over your life’s work cause his dick stopped working
You love to see it.
Glory to comrade JDPON Don! 🫡 /s
we would not be the same country any longer
Newsflash: you’re way past that point. No one believes, trust or respect the USA any longer.
De-dollarization can’t happen fast enough, as the dollar is one of the pillars of US power. Good thing countries are banding together to make it a priority.
It’s also interesting for California and other blue states.
Since Trump is attacking the blue states especially, there’s a form of warfare there. As we all know, wars are really expensive and are often decided by who can stay solvent longer.
Normally, that would be California and other blue states, because they have the better economy. If they stopped paying taxes, that would severely harm Trump.
However, through the federal reserve, Trump can just print infinite amounts of dollars, and that effectively overrides the blue states’ strong economy.
So the blue states have a serious interest in de-dollarization, sothat Trump’s money-printing federal reserve becomes meaningless.
Imagine if the Bank of North Dakota decided to acquire reserves of BRICS currencies
Explain how Trump can order the federal reserve to simply print infinite money? That seems like a total lack of checks and announces. I don’t see that happening at all. But it sounds good online.
basically when the federal government goes into debt, that basically means that the federal reserve which you can imagine like a big bank hands out a loan to the government.
the government doesn’t really have to pay back that debt, ever. (it technically has to but that can be avoided by simply taking out a new loan at a later time).
i hope i explained that correctly.
It does have to pay interest on that debt to all the bond holders, if it doesn’t then the bonds lose value and everyone that owns them trys to offload them.
if the interest is just as high as the general inflation, then the government can just take out extra loans to serve the interest without actually increasing the real total debt, because the nominal increase in debt is just eaten by the inflation.
Which they print too.
They simply do press a button and numbers appear in a federal account. There is some bureocracy involved but that’s how it works in a nutshell.
The US can do this freely without much repercussions because of the US role as an intenational reserve currency, the inflation that comes with printing dollars is offloaded to the rest of the world while the US increases it’s amount of dollars.
Musk declared on Twitter, “We will coup whoever we want! Deal with it”.
i used to think that trump et. al. unmasking de facto american international policy would help make americans understand what’s happening, but now it’s clear that they just never cared.
BRICC current dedollerization has more to do with his tarrifs attacks harm to international trade then then anything else. Making trade with your nation less profitable. Is a rather stupid move if you want the world to use your currency to trade amounts each other.
When the global currency is run by a petty man child. It is the nations not making an effort to move away from it that are more worrying.
May if he wasn’t actively crashing the dollar, people wouldn’t want to move away from it.
Countries that value financial sovereignty would still be interested.
Countries that value financial sovereignty.
Keep it by storing a tradeable reserve in other currencies. And or gold and silver but that has become less common.
The doller has won purely because it is respected around the world. Because most nations have some desire to trade with the US.
As that desire weakens sovereignty or your own currency is less strong if you are holding less stable currencies. And the doller is looking less and less stable every time trump talks.
The doller has won purely because it is respected around the world
That is not correct, dollar won because US, being the economical winner of WW2, made all other notable capitalist economies dependent on it in Bretton Woods accords and effectively hegemonised oil trade in much of the world.
Well yes. That is why it was respected. America used it’s delayed entry to build it’s reduction capability. Used that to help win. Then not having exhausted it took advantage.
But while correct. It’s a more accurate way of saying the doller was respected. As a strong trade currency other nations could use.
Feared not respected. The dollar standard was imposed, not elected.
“Trump insider” sounds like a tapeworm
Everyday I wake up wishing that this rapist President will finally choke to death on his well done steak and that his supporters will join him in hell.
The biggest De-Dollarization efforf is done in the White House itself, with their attempt to get the US Treasury under control.
I mean, if breaking the propaganda arm of US cultural bullshit (aka regulating US Big Tech) is a defining issue in this battleground, let’s make it BRICCS and add Canada as well. It’s too bad that BRICS has some incredibly authoritarian and brutally imperialist leaders themselves.
it’s okay, most of them arent as bad as canada’s leaders.
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you realize theyre labeled “authoritarian” precisely because they’re not easily bossed around like actual “authoritarian” US wants?
The western countries are dependent on the imperial framework of “the eyes” cooperation, other intelligence and security cooperation, NATO cooperation, similarity of financial, patent and IP regulations, similarity of legal systems, interconnectivity of their elites and various blackmail material on those, and their common crime networks (one would hope that at least mafia groups should align along some other clusters on the map, but it doesn’t seem so).
Those regulations support the status of western elites, which means the elites themselves won’t reform anything in any good direction.
The NATO cooperation is extremely efficient and comfort-providing - instead of countrywide mandatory conscription you have small groups of professional soldiers and military bureaucrats, military matters are not something that all the society cares about.
Instead of domestic military industries sufficient to fulfill the needs of a military you can have as much silent and respectable corruption as you wish. It’s both convenient for the population and for the elites (criminals) to have a small professional military, an international (imperial) MIC framework, all not influenced significantly by domestic popular opinions.
Intelligence cooperation allows domestic intelligence services to bypass all limitations that exist for them on paper about their own citizens. It also makes every such service more powerful than intended.
Similar financial regulations lead not only to good things, like smaller cost of doing business, but also to bad things, like monopolies. Even the EU supposedly big regulations don’t prevent big tech from abusing honestly whatever they want. GDPR is a farce in its actual enforcement.
Patent and IP regulations - well, that’s basically a way to legal monopoly, and that’s how it works. BTW, let’s just remember that even trademarks are a relatively new thing legally. And copyright. And patents. And when all these were introduced, that was similar to state monopoly on alcohol beverages in some countries or state monopoly on tobacco in others, and was reasoned legally in exactly that way - authorship and right to print something should be registered for the crown to have an income from that, not because of some ownership of ideas or protection. It still works like an imperial mechanism.
Similarity of legal systems - I’ll admit at some point I thought English law is the best thing after sliced bread. But I’m not so sure at this point. At some point a German court acquitted Tehlirian, after all. As an example of the main competing family of legal systems.
Elites and crime - I mean, your whole part of the world is in the “trade and denial” stage after really buying the 80s and 90s idea that democracies and institutions don’t require perpetual struggle to maintain. That is, fiction of those years would usually argue with that idea, but sometimes wide masses just want to believe something so badly that no art can dissuade them. And in the 00s it was decided.
OK, too much text.
What I really mean is that for Canada it doesn’t make sense to join BRICS unless it manages to pull a Brazil and somehow switch the camp from “imperial” to “fringe kingdoms”.
